Quick Answer. A limited government is a constitutional government with limited power and checks and balances in place whereas an unlimited government is an authoritarian and totalitarian government. The United States is an example of a limited government. Continue Reading
According to IAS 27, Subsidiary is defined as an entity over which the parent exerts control, i.e. the power to govern the financial and operating matters and to obtain benefits from its activities. In order to do this, the parent has to acquire a percentage of ownership exceeding 50% in the holding company.
Also, because a parent company and a subsidiary are separate entities, it is entirely possible for one of them to be involved in legal proceedings, bankruptcy, tax delinquency, indictment, and/or under investigation, while the other is not. subsidiary may itself have subsidiaries, and these, in turn, may have subsidiaries of their own. A parent and all its subsidiaries together are called a group, although this term can also apply to cooperating companies and their subsidiaries with varying degrees of shared ownership.